BBB warns of new pyramid scheme

It’s called 30 Day Success Formula. It currently has an F rating on the BBB website.

Posted: Nov 13, 2019 6:35 PM

EUGENE, Ore. – The Better Business Bureau is warning the public of a new pyramid scheme they say is making the rounds.

It’s called 30 Day Success Formula. It currently has an F rating on the BBB website.

“It is like all pyramid schemes that promises you can make thousands of dollars by doing something easy, and now we are getting complaints,” said Danielle Kane with the BBB.

Complaints say the company promises they can earn thousands of dollars when they become a member for a fee.

“The promise is that you send the investment and you send out fliers and the more people you recruit, the more money you are going to make,” Kane said.

But the fliers never come.

Pyramid schemes have been around for decades, but Kane said there are things to look out for when it comes to pyramid schemes and multi-level marketing.

When it comes to pyramid schemes, if they say you can make money through recruitment, that is a red flag. According to the BBB website, these pyramid schemes are illegal. If they do not sell a product, they are more likely a scheme.

So what happens when you fall for the scheme and lose money?
“If you do fall for it, we just recommend that you report it. Report it to BBB, (Federal Trade Commission) and the police,” Kane said.

For more information, click here

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